Cold Lake Council sets 2021 tax rate for near-zero tax increase
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At its regular meeting held this week, Cold Lake City Council set the municipal tax rates for 2021, which will result in a near-zero tax increase of 0.08 percent.
The residential tax rate is set at 8.8555, the multi-family residential rate is 8.9470, and the non-residential rate is 12.7975. All qualified, annexed properties will be taxed at the rate set by the Municipal District of Bonnyville or the City of Cold Lake, whichever is lower, as per the annexation order approved by the Lieutenant Governor.
The City says these rates will generate about $20.65 million from properties within the city to balance the City’s $53.9 million 2021 operational budget. In 2020, the City’s operational budget stood at $53.5 million with $20.62 million collected from municipal taxes.
Cold Lake hopes Line 5 debate becomes a lesson on pipelines’ importance
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The City of Cold Lake says it is concerned that the future operation of a critical piece of energy infrastructure remains uncertain with less than one week before a deadline to shut down.
The Governor of Michigan has ordered the Line 5 pipeline be shut down by May 12. In a letter written to the Speaker of the House of Commons, Member of Parliament for Banff-Airdrie Blake Richards confirms through the Ministry of Natural Resources that the pipeline supplies 53 percent of Ontario’s crude and 66 percent of Quebec’s crude. The MP’s letter also requests an emergency debate in the House of Commons on the matter.
City extends tax payment deferral to ease COVID-19 pressure
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Cold Lake City Council says it has passed a bylaw authorizing Cold Lake ratepayers to defer their property tax payments for the months of May, June and July, 2021, to help ease the financial pressure on families and businesses caused by the COVID-19 pandemic.
Similar bylaws were passed in the spring of 2020, and for the months of February, March and April, 2021, for which the City received positive feedback from residents and business owners. A combined 61 families and businesses took advantage of the previous two deferral periods.
“We know 2021 continues to be a tough time financially for our residents and businesses, and this council is committed to doing what we can to help ease that financial pressure,” said Mayor Craig Copeland. “We are now well into our second year of COVID-19 and recently the Government of Alberta has tightened restrictions once again. With variants of concern sprea
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City rolls out second phase of COVID-19 support programs
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City officials in Cold Lake say a second-phase of some resources aimed at helping people out during the COVID-19 outbreak will continue into 2021.
At a Special Council Meeting held on January 18th, Cold Lake City Council voted to continue with several of the initiatives
The city says it understands that many residents and businesses are struggling due to COVID-19 and the associated restrictions to businesses. At a previous meeting, Council directed administration to prepare a range of initiatives and the Special Council Meeting was called to ensure they could be implemented in a timely fashion.